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On July 1, Culver corporation purchases 500 shares of its $5 par value common stock...

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Accounting

On July 1, Culver corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share.On September 1, it sells 250 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions.

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